Right that's why it's a great time to enter this stock. Very little risk at this price. When inventories are down down the oil prices will rise. Stocks trade 6 months ahead of that though. So this is priced for $40 oil at this level.
They made a great product no doubt. But I believe the stock is dead money for awhile after that lack of earning report. I will revisit if it gets to a much lower price and holds for awhile. I bought it at $47 had a profit at one time but took a loss today when it broke $40.
Year end tax loss selling will take it down further. Most people this year have big gains in other stocks and need to sell some losers. This is why I sold today. Good luck managing your loss here.